[ad_1] CHENNAI: A Foxconn subsidiary is in talks with India’s Tamil Nadu state to invest up to $200 million to build a new plant for electronic components in the southern region, two sources with direct knowledge told Reuters on Wednesday. Brand Cheng, CEO of Foxconn Industrial Internet (FII) , and other company representatives last week … Read more
[ad_1] CHENNAI: A delegation comprising top officials of Foxconn Industrial Internet (FII), a subsidiary of Taiwan-based electronics giant Foxconn, met the Tamil Nadu chief minister MK Stalin on Wednesday and expressed interest to expand investments in the state.TN chief minister M K Stalin held discussions with Foxconn CEO Brand Cheng regarding the future investments of … Read more
[ad_1] Foxconn Technology Group has bought $33 million worth of equipment from an Apple unit for its operations in India over the past year, signaling the key iPhone assembler’s accelerating expansion in the country. An Indian subsidiary of the Taiwanese company acquired equipment from Apple Operations Ltd. for operational needs, according to a filing from … Read more
[ad_1] BENGALURU: The Karnataka government on Monday offered Foxconn, one of the world’s largest manufacturers of iPhones, an additional 100 acres of land to set up an Rs 8,800 crore (over $1 billion) plant to manufacture smartphone parts.The Taiwanese company had previously committed to establishing an electronics manufacturing facility for which it had been granted … Read more
[ad_1] The delegates of the Fii would be taken to Tumakuru to examine the available land. Bengaluru: Foxconn, a major iPhone assembler for Apple, has proposed to set up a Rs 8,800 crore supplementary plant to that of the unit at Devanahalli Information Technology Investment Region (ITIR) in Karnataka, the state’s Large and Medium Industries … Read more
[ad_1] A total of 300 acres will be given to the company in the ITIR spread over Devanahalli and Doddaballapura taluks, said the Karnataka Minister. [ad_2] Source link
[ad_1] NEW DELHI: Vedanta’s ambitious semiconductor bid with Taiwanese contract major Foxconn failed to take off as the foreign partner opted out of the venture over their failure to rope in a technology provider for the sophisticated chip and glass manufacturing business.While the Vedanta group maintained that it remains “fully committed” to the project and … Read more
[ad_1] NEW DELHI: In a temporary setback to India’s chip manufacturing plans, Foxconn on Monday decided to pull out of a semiconductor joint venture with Indian conglomerate Vedanta.In a statement, Foxconn said it is “working to remove the Foxconn name from what now is a fully-owned entity of Vedanta”.“Foxconn has no connection to the entity … Read more
[ad_1] Last Updated: June 01, 2023, 06:08 IST Visitors stand next to a Make In India logo during a three-day semiconductor event in Bengaluru, India, April 30, 2022. (Image: Reuters) A second mega $19.5 billion plan to build chips locally by a joint venture between India’s Vedanta and Taiwan’s Foxconn is also proceeding slowly A … Read more
[ad_1] NEW DELHI: India will start a pilot project this week to establish itself as an electronics repair hub by relaxing cumbersome import-export rules, a move that could draw tech majors such as Flex to expand such operations in the country.Prime Minister Narendra Modi has promoted electronics manufacturing in India and attracted the likes of … Read more